4.1


Balance = R4 999 − R999 = R4 000


4.3 Discount = 5 =


5


___ Cash price 100 × 4 999 = R249,95


S = 4 000 × 0,5 × 0,15 = R300


4 999 − 249,95 = R4 749,05


S = Pni = 500 × 4 × 0,03 = R60


Remedial


Some learners may find it difficult to understand and calculate simple interest and /or hirepurchase. Demonstrate relevant examples to them and check whether they have mastered it.


Exercise 3 Guidelines on how to implement this activity


Discuss the concept of hire purchase and demonstrate by means of the Worked examples. Let the learners do Exercise 3 and monitor their progress.


Suggested answers 1.1


Deposit = 20


1.2 1.3 2.1


= R13 000


___ 100 × R65 000


Yes, Sam has enough money for the deposit. 72 months


Total cost = R13 000 + (R800 × 72) = R70 600


Balance = R65 000 − R15 000 = R50 000 Monthly payment = R50 000 ÷ 100 = R500


2.2 Cost =R15 000 + (R500 × 9 × 12) = R69 000 2.3 Yes, because it will cost him less than the shop agreement.


Extension


• Ask learners to obtain copies of financial statements of businesses like budgets, year-end financial reports of companies (usually published in newspapers) and balance sheets. Let them write a short report to show how they interpret these statements or do an oral presentation about it.


• Let some learners investigate what the current interest rates of banks, investment companies and other businesses like money lenders are, then report back to the class.


Learner’s Book page 47


4.2 Total amount = R300 + R4 999 = R5 299


Chapter 1: Numbers and integers


49


CHAPTER 1


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